Companies and businesses are guided by rules and regulations that they must follow concerning financial data reporting. Generally accepted accounting principles (GAAP) assist accountants to work with the Securities and Exchange Commission (SEC) and are guidelines that apply to most financial statements. The GAAP are a list of principles used by accountants and they influence most financial information. These principles of accounting are ▪ Accounting Entity

▪ Money Measurement
▪ Duality
▪ Cost Valuation
▪ Stable Monetary Unit
Accounting Principles The Accounting Entity is the organization that is the focus of the reports and information. These entities include businesses, churches, school districts, governments, and many other social organizations. For the purpose of this paper health care organizations will be the focus. Hospitals, clinics, physician offices, and other health care entities are required to file monetary reports showing monetary value of the organization. Money Measurement is a concept that relates to transactions that can only be recorded if they can be recorded in monetary terms. There are certain aspects of an organization that cannot be counted on the financial statement. The expertise of staff, reliability of services, and employee working conditions are aspects of the organization that cannot be added to a financial statement. Duality is the assets which are equal to the liabilities and the net assets. The assets, liabilities, and the net asset accounts should always create a balance ending in the duality. This means that the cash used to buy an asset is placed on the liability side of a financial statement and the purchased item is placed on the asset side of that statement. Cost Valuation is also known as historical or acquisition costs are...

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GenerallyAcceptedAccountingPrinciples
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NUR/571
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1. How are assets and liabilities measured under IAS 39?
Answer:
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...Synopsis.
Historical Cost Accounting is a traditional valuation method as it reflects only on the past cost of the asset, however in the contemporary business environment companies must remain flexible and transparent. This belief has lead to the creation of several other valuation methods, due to word constraints I have focused primarily on Fair Value Accounting as an alternative to Historical Cost Accounting. Although Fair value...

...INTRODUCTION
Realised-profit, matching-based, historical cost accruals accounting (HCA) has for over fifty years been repeatedly challenged as being an inadequate basis for the measurement of "income" which reports increments in the value of businesses. Such challenges continue unabated and are made by both accounting standards regulators and by academic commentators. Despite its obvious deficiencies for measuring valuation based income, and subject to concept of...

...﻿ACCT 4022 – Advanced Accounting Notes
Chapter 1: Intercorporate Acquisitions and Investments in Other Entities
The Development of Complex Business Structures
By expanding into new markets or acquiring other companies already in those markets, companies can develop new earnings potential and those in cyclical industries can add greater stability to earnings through diversification.
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...“GenerallyAcceptedAccountingPrinciples (GAAP) is the methods, rules, practices and other procedures that have evolved to govern the preparation of financial statements” Justify the statement with suitable examples.
Accounting is the language of business and it is used to communicate financial information. In order for that information to make sense, accounting is based on some fundamental concepts. ...

...GenerallyAcceptedAccountingPrinciples
HCS/571
July 11, 2011
GenerallyAcceptedAccountingPrinciplesGenerallyAcceptedAccountingPrinciples, or GAAP, is an accounting language of business used in health care facilities that have specific policies they must abide by when making choices for the direction...